Dover Advisors LLC Makes New $249,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Dover Advisors LLC bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,738 shares of the real estate investment trust's stock, valued at approximately $249,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Robbins Farley grew its position in Digital Realty Trust by 0.7% in the first quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock valued at $1,570,000 after purchasing an additional 71 shares in the last quarter. Colonial Trust Co SC grew its holdings in shares of Digital Realty Trust by 33.8% in the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 72 shares in the last quarter. Legacy Financial Advisors Inc. grew its holdings in shares of Digital Realty Trust by 5.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock valued at $255,000 after acquiring an additional 74 shares in the last quarter. Quent Capital LLC increased its position in shares of Digital Realty Trust by 7.6% in the first quarter. Quent Capital LLC now owns 1,064 shares of the real estate investment trust's stock valued at $152,000 after acquiring an additional 75 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in Digital Realty Trust by 0.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 24,149 shares of the real estate investment trust's stock worth $4,282,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DLR shares. Barclays decreased their price target on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. Citigroup cut their price objective on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Oppenheimer started coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price on the stock. Bank of America initiated coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 price target on the stock. Finally, Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $185.76.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the transaction, the director now owns 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $1.33 during trading hours on Wednesday, reaching $177.39. 680,020 shares of the stock were exchanged, compared to its average volume of 1,992,730. The firm has a market capitalization of $59.74 billion, a price-to-earnings ratio of 165.61, a P/E/G ratio of 2.68 and a beta of 0.95. The stock's fifty day simple moving average is $164.39 and its 200 day simple moving average is $165.61. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter last year, the business earned $1.67 EPS. The company's quarterly revenue was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's dividend payout ratio is 456.07%.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.